File a Dissolution

Business dissolution

Regrettably, not all businesses succeed to the level their owners might have once hoped. Dissolution can be caused in many ways, including the failure to file annual reports or pay certain taxes in the state of incorporation, bankruptcy, or voluntary dissolution by business owners.

How it Works

You provide some simple information, and we do the rest. BizFilings will:

Prepare and quality check your filing to ensure it meets all state requirements – if it doesn’t, we will contact you immediately*

Process your payment

Request your signature on the pre-prepared dissolution documents

Submit your signed documents to the state – we also offer expediting service if you need it faster

*Note: Certain states may require tax clearance (proof that taxes have been paid) which may lengthen the processing of your dissolution. We will let you know if your state requires it.

Why it’s important

If your company is ceasing operations or is no longer in business, filing Articles of Dissolution legally ends your company’s existence in your state of incorporation or in your state of qualification, if you had registered to transact business in another state (foreign qualified).

Companies incorporated or foreign qualified in a state face annual report and taxation requirements in that state. Unless the state knows your company is no longer in existence, those obligations will continue. Typically late fees and penalties will continue to accumulate. Dissolving your business with the state will end these obligations.

Key Benefits

When a business is ceasing operations, the owners typically have a lot on their minds and additional steps to take. Let BizFilings handle the process of ending your business with the state, so you can concentrate on other requirements.

Keep in Mind

There are other steps that should be taken as a company is ending operations, including filing necessary federal, state, and local tax forms and notifying creditors.

What is dissolution?

Why might a business dissolve?

Voluntary dissolution of a business might occur for many reasons, with the most common being management deadlock or unprofitability. There is also involuntary dissolution, where a company’s state of incorporation dissolves a company if that company has failed to file annual reports with the state, pay annual fees and/or taxes, or is encountering bankruptcy.

Is the dissolution process different for a limited liability company (LLC) than for a corporation?

The existence of LLCs is less stable than that of corporations in the sense that an outside occurrence (such as the death of an owner) can end the company’s existence, depending on the operating agreement. Otherwise, the dissolution process is the same for both entities.

If I registered my company to transact business in other states, so I need to dissolve in those states too?

Yes. If you have registered to transact business (foreign qualified) in a state or states other than your state of incorporation, you need to dissolve in the state of incorporation and the state(s) of qualification.